From Yahoo Finance: 2025-06-03 09:37:00

RedotPay partners with Circle to enable crypto payments into Brazil through the Circle Payments Network, converting cryptocurrency to Brazilian Real upon transfer. This aims to reduce transaction costs and settlement periods for global payments, addressing historical barriers in emerging markets. A new feature, “Send Crypto, Receive BRL,” simplifies cross-border payments.

Circle’s VP Sunil Sharma highlights the network’s role in connecting financial institutions to empower emerging economies. RedotPay’s integration with CPN offers frictionless global payments, emphasizing the goal of modernizing the financial system. RedotPay eliminates complexities with crypto-to-fiat deposits in Brazilian bank accounts, introducing a temporary $0 fee structure to incentivize usage.

RedotPay launches a stablecoin-based payment solution in Brazil, emphasizing speed and affordability. This follows a successful Series A funding round in March, securing $40 million. The company’s mobile application now offers access to the Brazil payment channel, catering to both iOS and Android users.

Read more: RedotPay partners with Circle to support crypto-to-fiat transfers